Page 53: of Offshore Engineer Magazine (Nov/Dec 2013)

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Southeast Asia depth currently being drilled deal is expected to close in in Southeast Asia. Vantage has early 2014 and Newfeld said contracts pending to drill as it would use the proceeds of many as four additional wells the sale to pay down existing before the ship heads to West debt and for general corporate

Africa to begin a two-year con- expenses. The announce- tract in the second half of 2014, ment has not yet signifcantly working on the Moho Nord affected NFX stock price, development project.

while SapuraKencana stock (SKPETRO) has increased. There are 21 semisubmers-

Among the unsuccessful ible rigs in Southeast Asia, but bidders for Newfeld Malaysia only 9 are actively drilling: 4 are Exxon Mobil, Royal Dutch in Malaysia, 3 in Vietnam, 1

Shell, Talisman Energy, and each in the Philippines and

Petrofac. Indonesia.

Newfeld also announced, Most are working in water on 14 October, that Terry W. greater than 1000ft deep, and

The newbuild is drilling of Myanmar (Burma) for Tungsten Explorer

Rathert, a Newfeld founder Ocean Rover, operated by

Thailand’s PTTEP, in 3379ft water depth.

Photo from Vantage Drilling Co.

and the Executive Vice Diamond Offshore Drilling,

Deep water

President and Chief Financial Offcer is working in the deepest water in the (CFO), will retire in 2014, after more than Southeast Asia has not been a major region: 4542ft deep off Malaysia, for 25 years with the Company. Newfeld’s deepwater arena. Most drilling has been Murphy Oil. This ODECO Victory-class

Board of Directors will appoint Lawrence in shallow water, with jackups or drilling semisubmersible is one of fve rigs

S. Massaro to succeed Rathert as tenders. That said, six drillships are in upgraded by Diamond, since 2000, from

Executive Vice President and CFO effec- the area, four of which are undergoing deepwater to ultra-deepwater capabili- tive November 11, 2013. inspection, modifcation, or are ready ties, with 15k blowout prevention equip-

Ocean Rover stacked in Singapore. Two others are ment. can work in water

Investments drilling. to 8000ft deep, and drill to 35,000ft.

Damen Group will open a new shipyard Transocean’s Discoverer Seven Seas It’s under contract for $305,000/d until in Vietnam in Q1 2014. It will design and is working off Indonesia for Japanese oil March 2014, at which time it begins a fabricate 60m workboats. and gas company, INPEX.The contract, new 2-year contract at $465,000/d.

Malaysian shipbuilder Coastal announced in December 2012, runs May-

Sovereignty

Contracts (COCO) announced in October December 2013 at US$500,000/d.

Houston-based Vantage Drilling Co. that it had clinched deals for six offshore Sovereignty over several areas of the has its newest ultra-deepwater drillship, support vessels worth 318million ringgit South China Sea remain under dispute,

Tungsten Explorer, working under a 90-day (US$100million). involving China, Vietnam, Malaysia, contract at US$750,000/d.The ship began

UMW Oil & Gas Corp Bhd plans to set Brunei, and the Philippines. In mid- operations on 20 September off Myanmar, up a local drilling academy to ensure a October, Chinese Premier Li Keqiang in 3379ft water depth, for Thailand’s PTT steady supply of trained manpower for visited several ASEAN countries to

Exploration and Production Public Co. Ltd. the industry. The company runs a feet of discuss maritime boundaries. We hope (PTTEP). This is the second-deepest water four jackup drilling rigs. for a harmonious outcome.

Offshore Rigs, June 2012-Sept 2013 6/12 7/12 8/12 9/12 10/12 11/12 12/12 1/132/13 3/13 4/13 5/13 6/13 7/13 8/13 9/13

Brunei 2000000021221113

China 1313 12 16 17 18 17 18 1717 20 18 20 16 15 17

Indonesia 9979 11 999 10 1414 11 9999

Malaysia 12 151515 1414 13 12 13 10 11 10 1111 9 11

Myanmar 1111110011011112

Philippines 0000000001112211

PNG 0000000000110110

Thailand 12 1313 1111 12 9 11 13 15 14 15 16 12 1414

Vietnam 6777753334133432

Total 55 58 55 59 61 59 51 53 59 63 64 62 63 57 54 59

Data from Baker Hughes Inc. International rig count, 25 Oct 2013 oedigital.com November 2013 | OE 55 054_oe1113_Geofocus DMF.indd 55 10/28/13 12:57 AM